OMG/USD Volume Analysis Prediction 2/27/2018
OMG coin is stronger than the market ( BTC and ETH) for now. We see a clear initiative.
The uptrend will continue its movement. Better way for now is to wait a correction wave to the max (P O C) of February and then buy.
Entry point: 19.75 (aggressive) and 17.75 (conservative)
Glossary of terms
- Point of Control (P O C) – The price level for the time period with the highest traded .
- Value Area (V A) – The range of price levels in which a specified percentage of all was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
- Balance – Accumulation Area.
- F L – flat level.
- T L – trend level.
- Fixing (fix, culmination) – reverse price reaction then the markets stops i’ts movement for a short time. The trend stops when it passes through 2-3 fixing movement.